bearing

Universal Basic Income and Digital IDs – Beware of governments bearing free gifts

The Canadian government is considering universal basic income. https://www.cbc.ca/news/politics/basic-income-senate-myths-1.6999287 The UK government is also trialling universal basic income. https://www.theguardian.com/society/2023/jun/04/universal-basic-income-of-1600-pounds-a-month-to-be-trialled-in-england Over the next decade, the agenda is to move over from natural gas generated electricity to that generated by solar panels and wind turbines. Renewable energy will be more expensive and there will be less of …

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FDIC observed some institutions incorrectly reduced the amount reported to the extent the uninsured deposits are collateralized by pledged assets; this is incorrect as the existence of collateral has no bearing on the portion of a deposit that is covered by federal deposit insurance!

by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …

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